North Dakota Code 43-02.2-18 – Uniform statute of limitations
1. a. This section applies to all causes of action of the type specified in this section filed on or after August 1, 1993.
Terms Used In North Dakota Code 43-02.2-18
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
b. This section governs any action based on negligence or breach of contract brought against any accountant, any partnership of accountants, any accounting corporation, or any other legal entity of accountants registered, licensed, or practicing in this state by any person or entity claiming to have been injured as a result of financial statements or other information examined, compiled, reviewed, certified, audited, or otherwise reported or opined on by the defendant accountant as a result of an engagement to provide public accounting services.
2. An action covered by this section may not be brought in any court in this state unless the suit is commenced on or before the earlier of:
a. Two years from the date the alleged act, omission, or neglect is discovered or should have been discovered by the exercise of reasonable diligence; or
b. Six years after the service for which the suit is brought has been performed or the date of the initial issuance of the accountant’s report on the financial statements or other information, whichever comes first.